Highwoods Properties, Inc. (NYSE:HIW) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other research firms also recently issued reports on HIW. Zacks Investment Research downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, February 15th. ValuEngine downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 target price on shares of Highwoods Properties in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $47.00 target price on shares of Highwoods Properties in a research report on Wednesday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.29.

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

Highwoods Properties (HIW) traded up 0.98% during trading on Wednesday, reaching $52.65. The company had a trading volume of 643,385 shares. Highwoods Properties has a 1-year low of $45.83 and a 1-year high of $56.23. The firm has a 50-day moving average of $50.71 and a 200-day moving average of $50.58. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 43.55 and a beta of 0.88.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The business had revenue of $169.41 million during the quarter, compared to the consensus estimate of $167.20 million. Highwoods Properties had a net margin of 18.29% and a return on equity of 5.80%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, analysts anticipate that Highwoods Properties will post $1.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Wednesday, May 17th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $1.76 annualized dividend and a dividend yield of 3.34%. Highwoods Properties’s dividend payout ratio (DPR) is 146.67%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Highwoods Properties by 1.1% in the first quarter. Public Employees Retirement System of Ohio now owns 160,183 shares of the real estate investment trust’s stock valued at $7,870,000 after buying an additional 1,770 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Highwoods Properties by 8.7% in the first quarter. Salem Investment Counselors Inc. now owns 44,463 shares of the real estate investment trust’s stock valued at $2,199,000 after buying an additional 3,572 shares during the period. Macquarie Group Ltd. raised its position in shares of Highwoods Properties by 0.7% in the first quarter. Macquarie Group Ltd. now owns 1,558,634 shares of the real estate investment trust’s stock valued at $76,576,000 after buying an additional 11,492 shares during the period. Credit Suisse AG raised its position in shares of Highwoods Properties by 9.3% in the first quarter. Credit Suisse AG now owns 446,755 shares of the real estate investment trust’s stock valued at $21,950,000 after buying an additional 37,953 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Highwoods Properties by 22.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,060,924 shares of the real estate investment trust’s stock valued at $52,124,000 after buying an additional 196,000 shares during the period.

Highwoods Properties Company Profile

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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